Investortools and Piper Sandler Announce Integration to Streamline Municipal Bond Trading

COLORADO SPRINGS, Colo. & NEW YORK--(BUSINESS WIRE)--Jun 26, 2025--

Investortools, a leading provider of fixed-income software solutions, today announced a new integration with Piper Sandler, a leading investment bank that specializes in municipal bond trading. This integration directly connects Piper Sandler to buy-side counterparties via the Investortools Dealer Network (IDN), providing clients seamless straight-through processing for bond transactions.

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This partnership enables municipal bond investors and asset managers to trade directly with Piper Sandler, without ever leaving the Investortools platform. Through direct bi-lateral FIX connectivity, Piper Sandler’s full liquidity is seamlessly integrated into the Investortools portfolio, order, and execution management (POEM) system, enhancing automation and optimizing trade execution for a more efficient, end-to-end trading experience.

“Our integration with Piper Sandler reinforces our commitment to integrate with clients’ preferred trading partners and deliver robust automation capabilities,” said James Morris, Senior Vice President and Head of Sales at Investortools. “We understand the demands of busy buy-side clients who require seamless access and communication. Piper Sandler’s extensive market presence and proactive approach to electronic trading make them an ideal partner for expanding our network.”

The integration emphasizes Piper Sandler’s continued dedication to investing in municipal algo trading and enhancing electronic trading capabilities. “Our buy-side clients operate in a fast-paced environment and prefer managing their trades within platforms where they manage their investments,” emphasized Kyle Javes, Managing Director and Head of Municipal Fixed Income at Piper Sandler. “By integrating with Investortools, we demonstrate our ongoing commitment to technological innovation, meeting our clients exactly where they want to transact, and addressing the evolving needs of the municipal bond marketplace.”

With each firm boasting over 40 years of service in the fixed-income industry, both Investortools and Piper Sandler have continually advanced innovation, connectivity, and automation in municipal bond trading. Their joint efforts underscore a shared dedication to building more efficient, technology-driven trading ecosystems—empowering clients to access deep liquidity, navigate complex workflows, and capitalize on real-time automation.

About Investortools, Inc.

For over four decades, Investortools has been a leading SaaS provider of fixed-income solutions that are regarded by the industry as a prerequisite for investment management. Its comprehensive suite of products addresses portfolio, order, and execution management, performance analytics, 2a-7 compliance, and credit analysis. Trusted by over 200 firms managing more than $1 trillion in assets, Investortools supports SMA managers, fund managers, broker-dealers, and other market participants. Learn more about Investortools' commitment to innovation at www.investortools.com.

About Piper Sandler

Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients realize the Power of Partnership®. Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in the U.K. through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; in the EU through Aviditi Capital Advisors Europe GmbH, authorized and regulated by BaFin as a tied agent of AHP Capital Management GmbH; and in Hong Kong through Piper Sandler Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Alternative asset management and fixed income advisory services are offered through separately registered advisory affiliates.

Investortools and Piper Sandler announce integration to streamline municipal bond trading.

TRENTON, N.J. (AP) — Richard “Dick” Codey, a former acting governor of New Jersey and the longest serving legislator in the state's history, died Sunday. He was 79.

Codey’s wife, Mary Jo Codey, confirmed her husband’s death to The Associated Press.

“Gov. Richard J. Codey passed away peacefully this morning at home, surrounded by family, after a brief illness,” Codey's family wrote in a Facebook post on Codey's official page.

"Our family has lost a beloved husband, father and grandfather -- and New Jersey lost a remarkable public servant who touched the lives of all who knew him," the family said.

Known for his feisty, regular-guy persona, Codey was a staunch advocate of mental health awareness and care issues. The Democrat also championed legislation to ban smoking from indoor areas and sought more money for stem cell research.

Codey, the son of a northern New Jersey funeral home owner, entered the state Assembly in 1974 and served there until he was elected to the state Senate in 1982. He served as Senate president from 2002 to 2010.

Codey first served as acting governor for a brief time in 2002, after Christine Todd Whitman’s resignation to join President George W. Bush’s administration. He held the post again for 14 months after Gov. Jim McGreevey resigned in 2004.

At that time, New Jersey law mandated that the Senate president assume the governor’s role if a vacancy occurred, and that person would serve until the next election.

Codey routinely drew strong praise from residents in polls, and he gave serious consideration to seeking the Democratic nomination for governor in 2005. But he ultimately chose not to run when party leaders opted to back wealthy Wall Street executive Jon Corzine, who went on to win the office.

Codey would again become acting governor after Corzine was incapacitated in April 2007 due to serious injuries he suffered in a car accident. He held the post for nearly a month before Corzine resumed his duties.

After leaving the governor’s office, Codey returned to the Senate and also published a memoir that detailed his decades of public service, along with stories about his personal and family life.

“He lived his life with humility, compassion and a deep sense of responsibility to others,” his family wrote. “He made friends as easily with Presidents as he did with strangers in all-night diners.”

Codey and his wife often spoke candidly about her past struggles with postpartum depression, and that led to controversy in early 2005, when a talk radio host jokingly criticized Mary Jo and her mental health on the air.

Codey, who was at the radio station for something else, confronted the host and said he told him that he wished he could “take him outside.” But the host claimed Codey actually threatened to “take him out,” which Codey denied.

His wife told The Associated Press that Codey was willing to support her speaking out about postpartum depression, even if it cost him elected office.

“He was a really, really good guy,” Mary Jo Codey said. “He said, ‘If you want to do it, I don’t care if I get elected again.’”

Jack Brook contributed reporting from New Orleans.

FILE - New Jersey State Sen. and former Democratic Gov. Richard Codey is seen before New Jersey Gov. Phil Murphy delivers his State of the State address to a joint session of the Legislature at the statehouse, in Trenton, N.J., Tuesday, Jan. 10, 2023. (AP Photo/Matt Rourke, File)